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Core Lithium Ltd (ASX:CXO)

ALERT: Price-sensitive ASX Announcement for CXO
Current share price for CXO : $0.345 0.24 (228.57%)+
Announcement
Release
10 Sep 2025 9:06AM
Price at Release
$0.105
Full Release
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Summary
Core Lithium Ltd announced an updated Ore Reserve for the Carlton deposit, significantly increasing the total Ore Reserve estimate by 42% to 15.2 million tonnes at a grade of 1.26% Li2O. This update increases the confidence in the Restart Study mine schedule for the Finniss Project, where Carlton ore is expected to enter from year nine. This update not only enhances the potential output of the Finniss DMS plant but also boosts the optionality for processing capacity expansion. The Carlton deposit, part of the Finniss Lithium Project spanning over 500km² in Northern Territory, Australia, shows promising exploratory potential with mineralization open at depth and further exploration planned. The project's infrastructure is in place, and environmental approvals are anticipated timely, supporting the restart of operations at the Finniss site.
Key Points
  • The Ore Reserve Estimate at Carlton has increased by 42% to 15.2 million tonnes.
  • Carlton's mineralization remains open at depth, offering further exploration opportunities.
  • The update supports increased confidence in the Finniss Project's Restart Study mine schedule.
  • Carlton ore is expected to enter the schedule from year nine of the mine plan.
  • The update enables potential processing capacity expansion at the Finniss DMS plant.
  • Infrastructure and environmental approvals for the project are adequately in place.
  • Carlton is part of the Finniss Lithium Project, covering over 500km² in Northern Territory, Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.